摘要: The benefit allocation method is a means of funding a pension plan where a single premium payment is made in order to fund a single unit of benefit for a specified period of time, typically one year ([阅读全文:]
摘要: A reduction in the amount of benefit payments received by a member of a retirement plan which may result when the member owes money to the plan.
A benefit offset is intend[阅读全文:]
摘要: 1. A term that refers to a temporary period in which access is limited or denied.
2. A period of around 60 days during which employees of a company with a retirement or investment plan cannot m[阅读全文:]
摘要: The ability to direct trading within a brokerage's offering through a retirement plan such as a 401(k). As opposed to being limited to the investment options within a sponsored 401(k), some investors[阅读全文:]
摘要: An accumulation unit for which the annuitant has annuitized their contract. This is a sub-account of the retiree's total accumulated annuity. These units represent a fixed share of ownership of the i[阅读全文:]
摘要: A person who is authorized to perform business-related transactions on behalf of someone else (the principal). In order to become someone's attorney in fact, a person must have the principal sign a p[阅读全文:]
摘要: A rollover of a participant's qualified-plan balance to an IRA without the participant's authorization.
This usually occurs for involuntary cash-outs of balances between $1,000 to $5,000. The[阅读全文:]
摘要: A type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their investment account. The typical structure of this type [阅读全文:]
摘要: A type of Individual Retirement Account (IRA) allowed by the Employee Retirement Income Security Act of 1974 (ERISA) in which contributions are paid into the bank's interest-bearing financial instrum[阅读全文:]
摘要: The period when the annuitant starts to receive payments from the annuity. This period is after the accumulation phase where money is invested into the annuity.
When one retires they oft[阅读全文:]